More than 31,000sqft of refurbished office space in the west end of Aberdeen is on the market following a £7million investment by international property company Kennedy Wilson Europe Real Estate.
The redevelopment of Seafield House at Hill of Rubislaw – now known as H1 – coincides with uncertain times for Aberdeen’s office market in the wake of the oil price slump.
But KWE is confident the standard of accommodation and flexibility will appeal to companies looking for grade A space.
Mike Pegler, head of UK asset management, said: “We are very proud of what we have created at H1. Whilst we acknowledge the current economic conditions in Aberdeen, the location and prestige Hill of Rubislaw offers makes us very excited about what we can offer.
“We are confident our flexible approach in terms of both space and service will attract tenants.”
KWE asset manager Matthew Milroy added: “The refurbishment and repositioning dramatically enhances H1, presenting a compelling and unique proposition in terms of a city centre location and modern high-quality office space, together with plenty of parking. Our Hub at the Hill offers appeal to dynamic businesses looking for new space and we are excited about the launch. For anyone looking to do business in a central location, we’d highly recommend a trip to the Hill.”
Part of the building is leased to Amec Foster Wheeler. Open plan accommodation on the third floor, offering potential tenants floor space of varying sizes, is being marketed by joint letting agents CBRE and Ryden. Other buildings owned by KWE at Hill of Rubislaw are home to the likes of Chevron, ConocoPhillips and Marathon Oil.
H1 features an airy reception lobby, coffee bar, raised access floors, communal working space, informal meeting areas and free wi-fi. Together with The Hub, KWE will create a cafe with internal and external seating, available to customers at the Hill and city-wide. The refurbishment has involved local firms including Bancon Construction, Halliday Fraser Munro, McLeod and Aitken and Fairhurst.
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